January 13, 2013
Securities and Exchange Comm.
Dear Securities and Exchange Comm.,
If someone owns the politician who is seeking my vote I have a right to know who it is. I’m writing to urge the commission’s prompt approval of rules requiring public disclosure of political spending by publicly-held companies. I also am requesting that disclosure has to be done in a timely manner or the offender faces serious non-negotiable fines and penalties calculated on the amount of donations. I feel they should be at least 100% more than the original donation. Disclosure is vital to the SEC’s responsibility to ensure that investors have the information they need to make sound decisions about when and where to put their money. Shareholders also have a right to know how companies in their investment portfolios are investing that money, particularly when the spending falls outside the company’s normal business activity.
Thank you for considering my comment.
Sincerely,
Carole Heffernan